VINHOMA: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
VINHOMA
Largest movements
- Cash +€25,178
up €25,178 (+97.9%), from €25,718 to €50,896
mainly Net result for the year (+€21,391) and Depreciation (+€6,756)
- Receivables within one year +€7,783
up €7,783 (+490%), from €1,588 to €9,371
of which Trade receivables: +€8,757
- Tangible fixed assets -€5,642
down €5,642 (-11.3%), from €49,926 to €44,283
of which Plant, machinery and equipment: -€6,335
- Deferred charges and accrued income -€2,645
down €2,645 (-20.2%), from €13,101 to €10,456
- Reserves +€21,391
up €21,391 (+48.8%), from €43,819 to €65,210
- Debts after one year -€5,834
down €5,834 (-25.8%), from €22,573 to €16,740
- Trade debts +€3,358
up €3,358 (+50.7%), from €6,628 to €9,986
- Tax, wage and social debts +€2,783
up €2,783 (+36.4%), from €7,635 to €10,418
- Other debts +€1,820
up €1,820, from €0 to €1,820
- Gross operating margin +€2,979
up €2,979 (+8.2%), from €36,323 to €39,303
- Depreciation -€2,497
down €2,497 (-27.0%), from €9,253 to €6,756
- Taxes +€2,001
up €2,001 (+39.8%), from €5,026 to €7,026
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Derived cash bridge
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €91,462 | €115,007 | +€23,546 | +25.7% |
| Formation expenses | 20 | €0 | - | = | |
| Fixed assets | 21/28 | €49,926 | €44,283 | -€5,642 | -11.3% |
| Tangible fixed assets | 22/27 | €49,926 | €44,283 | -€5,642 | -11.3% |
| Plant, machinery and equipment | 23 | €6,431 | €96 | -€6,335 | -98.5% |
| Furniture and vehicles | 24 | €8,137 | €5,741 | -€2,397 | -29.5% |
| Other tangible fixed assets | 26 | €35,357 | €38,447 | +€3,089 | +8.7% |
| Current assets | 29/58 | €41,536 | €70,724 | +€29,188 | +70.3% |
| Stocks and contracts in progress | 3 | €1,128 | €0 | -€1,128 | -100% |
| Stocks | 30/36 | €1,128 | €0 | -€1,128 | -100% |
| Amounts receivable within one year | 40/41 | €1,588 | €9,371 | +€7,783 | +490% |
| Trade receivables | 40 | €614 | €9,371 | +€8,757 | +1,426% |
| Other amounts receivable | 41 | €974 | €0 | -€974 | -100% |
| Cash at bank and in hand | 54/58 | €25,718 | €50,896 | +€25,178 | +97.9% |
| Deferred charges and accrued income | 490/1 | €13,101 | €10,456 | -€2,645 | -20.2% |
| Total equity and liabilities | 10/49 | €91,462 | €115,007 | +€23,546 | +25.7% |
| Equity | 10/15 | €48,819 | €70,210 | +€21,391 | +43.8% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €43,819 | €65,210 | +€21,391 | +48.8% |
| Distributable reserves | 133 | €43,819 | €65,210 | +€21,391 | +48.8% |
| Amounts payable | 17/49 | €42,643 | €44,797 | +€2,154 | +5.1% |
| Amounts payable after more than one year | 17 | €22,573 | €16,740 | -€5,834 | -25.8% |
| Financial debts | 170/4 | €22,573 | €16,740 | -€5,834 | -25.8% |
| Amounts payable within one year | 42/48 | €19,870 | €28,058 | +€8,188 | +41.2% |
| Current portion of amounts payable after more than one year | 42 | €5,607 | €5,834 | +€227 | +4.1% |
| Trade debts | 44 | €6,628 | €9,986 | +€3,358 | +50.7% |
| Suppliers | 440/4 | €6,628 | €9,986 | +€3,358 | +50.7% |
| Taxes, remuneration and social security | 45 | €7,635 | €10,418 | +€2,783 | +36.4% |
| Taxes | 450/3 | €7,635 | €10,418 | +€2,783 | +36.4% |
| Other amounts payable | 47/48 | €0 | €1,820 | +€1,820 | |
| Accrued charges and deferred income | 492/3 | €200 | €0 | -€200 | -100% |
| Non-recurring operating income | 76A | - | €103 | +€103 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,253 | €6,756 | -€2,497 | -27.0% |
| Other operating charges | 640/8 | €1,204 | €1,020 | -€184 | -15.3% |
| Gross operating margin | 9900 | €36,323 | €39,303 | +€2,979 | +8.2% |
| Operating profit (loss) | 9901 | €25,867 | €31,527 | +€5,660 | +21.9% |
| Financial charges | 65/66B | €3,316 | €3,109 | -€206 | -6.2% |
| Recurring financial charges | 65 | €3,316 | €3,109 | -€206 | -6.2% |
| Profit (loss) for the period before taxes | 9903 | €22,551 | €28,418 | +€5,867 | +26.0% |
| Income taxes | 67/77 | €5,026 | €7,026 | +€2,001 | +39.8% |
| Profit (loss) for the period | 9904 | €17,525 | €21,391 | +€3,866 | +22.1% |
| Profit (loss) for the period to be appropriated | 9905 | €17,525 | €21,391 | +€3,866 | +22.1% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 20 October 2026 via checked.be.